The regression exercise was carried out on change in the level of remittance. In FY2008-09, although the change in the level of remittance inflow was around US$ 1.8 billion, there was a slowdown in the growth in remittance earning.
Regarding your second comment, Taka per US$ received by remittance recipient increases with depreciation. Depreciation of the Taka/US$ exchange rate is therefore expected to provide incentive to the migrant workers to remit more.
Your third point is well taken.
Best Regards,
Farria
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Tapas's Comments
Thank you for your comments Tapas.
The regression exercise was carried out on change in the level of remittance. In FY2008-09, although the change in the level of remittance inflow was around US$ 1.8 billion, there was a slowdown in the growth in remittance earning.
Regarding your second comment, Taka per US$ received by remittance recipient increases with depreciation. Depreciation of the Taka/US$ exchange rate is therefore expected to provide incentive to the migrant workers to remit more.
Your third point is well taken.
Best Regards,
Farria